Replies to post #72211 on North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

The Cease trade order (trading ban) on USMJ applies to BC, but is recognized in other provinces as well.
.............
As a result of the implementation of statutory amendments in Alberta, Québec, Nova Scotia and New Brunswick, certain orders issued in other provinces or territories automatically take effect in Alberta, Québec, Nova Scotia and New Brunswick.

With the adoption of MI 11-103, certain CTOs issued by securities regulatory authorities automatically take effect in other jurisdictions.

It remains the obligation of users to conduct the necessary due diligence before trading to determine whether or not a specific trade can be executed. As such, we cannot overstate the importance of understanding the applicable securities legislation and reading all decisions to fully understand their scope.


and

If there are no exceptions applicable to your situation, you have two options:
1.Hold onto your shares in case the CTO is revoked; or
2.Consider claiming a capital loss on your income taxes.

We suggest you contact the Canada Revenue Agency for more information on this second option.